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DR PEPPER/SEVEN-UP COMPANIES FILES AMENDMENT TO REGISTRATION STATEMENT

DR PEPPER/SEVEN-UP COMPANIES FILES AMENDMENT TO REGISTRATION STATEMENT
 DALLAS, June 26 /PRNewswire/ -- Dr Pepper/Seven-Up Companies, Inc. today announced that it has filed an amendment to its registration statement with the Securities and Exchange Commission relating to its proposed public offering of shares of its common stock. The amended registration statement provides that the anticipated initial public offering price for the shares will be between $17.00 and $18.00 per share.
 The company plans to sell such a number of shares (ranging from approximately 35.4 million at an initial public offering price of $17.00 per share to 33.4 million at an initial public offering price of $18.00 per share) so as to generate gross proceeds to the company of approximately $602 million. The proceeds of the offering, together with bank borrowings and cash on hand, will be applied to effect the recapitalization plan previously announced by the company.
 Managing underwriters for the U.S. portion of the offering are the First Boston Corporation, BT Securities Corporation, PaineWebber Incorporated, Prudential Securities Incorporated and Lehman Brothers. Managers for the international portion of the offering are Credit Suisse First Boston Limited, Bankers Trust International PLC, PaineWebber International, Prudential-Bache Securities and Lehman Brothers International.
 Dr Pepper/Seven-Up Companies, Inc. is the third largest producer of soft drink concentrates in the United States. Through its operating subsidiaries, the company manufactures, sells and distributes soft drink extracts, concentrates and fountain syrups.
 Dr Pepper, formulated in 1885, is the oldest nationally distributed soft drink brand. 7UP has been a market leader in the lemon-lime category of the soft drink industry for more than 60 years.
 NOTE: A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 6/26/92
 /CONTACT: Jim Ball, 214-360-7812, or Tom Bayer, 214-360-7817, both of Dr Pepper/Seven-Up/ CO: Dr Pepper/Seven-Up Companies Inc. ST: Texas IN: FOD SU:


TQ -- NY056 -- 4292 06/26/92 14:44 EDT
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Publication:PR Newswire
Date:Jun 26, 1992
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